Dubai property sales climb to 11-year high in November | ZAWYA MENA Edition:
An increasing number of investors are seizing the opportunity to own a home in Dubai now as the government has stepped in to ensure there is a balance between supply and demand in the real estate market, a new report has revealed.
Property sales recorded with the Dubai Land Department (DLD) went up to 5,051 in November 2019, hitting an 11-year high and rising by 5.8 percent from October 2019, according to Data Finder, the real estate insights and data platform under the Property Finder Group. Overall, Dubai clocked in 13,832 transactions in just three months.
According to Property Finder’s analysis, the government’s announcement in September that it would form a special committee to ensure semi-government real estate firms don’t compete with the private sector has inspired confidence in investors.
Besides, with Expo 2020, only about 10 months away and house prices still on a decline, it looks like more people are excited by the idea of snapping up a property in Dubai.
No comments:
Post a Comment